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DELTIC TIMBER CORP

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2017 10-Q, filed Nov 2, 2017. Its latest SEC filing is a SC 13G/A from Mar 6, 2018.

The sections below describe the company as of the FY2016 annual report.

What Did They Do?

Grows and harvests timber, makes lumber and medium-density fiberboard, and develops real estate for wood-product buyers and property buyers.

How Did They Make Money?

Customers pay for lumber, MDF and wood by-products when shipped; timber buyers pay when timber title passes, and land sales close when legal title transfers. Hunting and mineral lease income is spread over the lease term, while oil and gas royalties are paid when received.

FY2016 revenue

Who Were Their Customers?

Sells lumber and MDF mainly to distributors, retailers and manufacturers, and sells residential and commercial sites to property buyers.

Did Revenues Turn Into Profits?

Yes. It kept 4 cents of every revenue dollar as net income in FY2016.

Operating income, FY2016
10% of revenue
▲ +96% vs FY2015 ($11M, 6%)
Net income, FY2016
4% of revenue
▲ +248% vs FY2015 ($2.7M, 1%)

How Were They Changing?

Since the FY2016 annual report
Latest quarter: Q3 FY2017, the three months to Sep 30, 2017
Revenue
▲ +15%
vs $53.5M in Q3 FY2016
Net income
▲ +68%
vs $1.5M in Q3 FY2016
  • Feb 23, 2018 Merger with Potlatch closed and Deltic was delisted Deltic shares converted into rights to receive 1.80 Potlatch shares, and Deltic's shareholders ceased to have rights in Deltic.
  • Oct 23, 2017 Deltic agreed to merge with Potlatch Deltic holders were to receive 1.80 Potlatch shares for each Deltic share.

Grew. Revenue grew 56% in 4 years, from $140.9M in FY2012 to $219.4M in FY2016, about 12% a year.

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